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only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> welcome back to "the lead." one way to get the 2016 rumor mill going is promising you're not running for president. elizabeth warren said i pledge to serve out my term. i'm not running for president. margaret carlson, anna navaro, and gloria borger. i believe he went back on the show he announced it and said he was reconsidering. >> the did use the word pledge. and she did sign a letter with the other women, democratic senators urging hillary clinton to run. today he used the word pledge, and i think that's a hard thing to get out of. should hillary clinton decide not to run, there is a large opening, people want a woman -- i think pledge is tough to go back on. >> hillary clinton is second after vice president biden. a lot of people have never heard of her. why do people like her? >> she said that financial melt down there was a culprit and they had to pay. there was 100 pictures of her on that cover, and we knew she was becoming famous, but there is that element wher
only ford gives you ecoboost fuel economy and a whole lot more. go further. >>> welcome back to "the lead." one way to get the 2016 rumor mill going is promising you're not running for president. elizabeth warren said i pledge to serve out my term. i'm not running for president. margaret carlson, anna navaro, and gloria borger. i believe he went back on the show he announced it and said he was reconsidering. >> the did use the word pledge. and she did sign a letter with...
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the economy didn't always work for everyone. racial discrimination locked millions out of poverty or out of opportunity. women were too often confined to a handful of often poorly paid professions and it was only through painstaking struggle that more women in i nor days and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post-world war two years the economic ground felt stable and secure for most americans. and the future looks brighter than the past. and for some that meant following in your old man's footsteps at the local plant and you knew that a blue-collar job would buy you a home and a car and maybe a vacation once in a while, health care and a reliable pension. for others it meant going to college. in some cases may be the first in your family to go to college. and it meant graduating without taking on loads of debt and being able to count on advancement through a vibrant job market. now it's true that those at the top even in those years c
the economy didn't always work for everyone. racial discrimination locked millions out of poverty or out of opportunity. women were too often confined to a handful of often poorly paid professions and it was only through painstaking struggle that more women in i nor days and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post-world war two years the economic ground felt stable and secure for most americans. and...
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killing the economy. it's hurting people's lives in a real-time basis. middle class -- >> does it -- sorry, ma'am, does it bug you when democrats go, yeah, they're going at bashing, but they don't have a plan of their own. there are half a dozen plans -- >> more than that. >> republicans, some say, want to annihilate this and do nothing in return. >> it's political. if you want to address the situation, do one thing -- let people buy any health insurance policy they want, anywhere in america, with no minimum federal requirement. you do that alone, you solve all sorts of problems with access to health care. then give a liability shield to anyone who wants to offer charitable health care. if you do that, you can deal with the poor, you can deal with the middle class, you can deal with the wealthy, and then this sorts itself out pretty fast. >> congressman, thank you very much. i mentioned that, as i said to the congresswoman, the argument is that there are no alternative plans. you might not like the alternative plans, but there are at least six out there.
killing the economy. it's hurting people's lives in a real-time basis. middle class -- >> does it -- sorry, ma'am, does it bug you when democrats go, yeah, they're going at bashing, but they don't have a plan of their own. there are half a dozen plans -- >> more than that. >> republicans, some say, want to annihilate this and do nothing in return. >> it's political. if you want to address the situation, do one thing -- let people buy any health insurance policy they...
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...
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the automation, the computer indication of our economy. the shift from manufacturing to the service sector. america still makes more than nearly every other economy in the world, but it's made by machines not people. >> globalization hammering the middle class? >> absolutely. it's just as much about automation as globalization. it's often left out of the story. we have not had any new amazing technologies, even though we have cellphones, it it's not as the space. nothing new for the working class. >> is there something new that the president should have said? >> i think a minimum wage increase is an important part of the solution. we think of people who are in it for the summertime or transitioning young people in the labor market, but increasingly we see people in this these jobs as adults in for the long haul. >> wait a minute-- >> that being said--please, go ahead. >> you're going to hear the arguments that you normally hear, it kills jobs, cripples the economy, and causes layoffs. >> we could reason this and have abstract discussions b
the automation, the computer indication of our economy. the shift from manufacturing to the service sector. america still makes more than nearly every other economy in the world, but it's made by machines not people. >> globalization hammering the middle class? >> absolutely. it's just as much about automation as globalization. it's often left out of the story. we have not had any new amazing technologies, even though we have cellphones, it it's not as the space. nothing new for the...
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come up in any start up, any launch of ail project this big that has an impact on one-sixth of our economy, whatever comes up, whatever comes up, we're going to just fix it. >> meanwhile, former president bill clinton clarifying that promise that he made about president obama should keep their health plans. bill clinton said it was not designed to distance himself from the health care law in effort to help his wife hillary's 2016 presidential ambitions. >> i said nothing about this, not one word, until the president himself spoke. i don't think you can find anybody in america whose worked harder for his election or supported his bill or went out of the way to explain it to the american people than i did. >> intrigue, still. bill clinton says he does not know whether his wife will run for president and adds he will support joe biden as the 2016 presidential naumle knee if biden were to get the nomination. >>> the university of notre dame has filed another lawsuit. they're opposing a mandate in obama care. the affordable care act does make an exception for religious institutions. so this new
come up in any start up, any launch of ail project this big that has an impact on one-sixth of our economy, whatever comes up, whatever comes up, we're going to just fix it. >> meanwhile, former president bill clinton clarifying that promise that he made about president obama should keep their health plans. bill clinton said it was not designed to distance himself from the health care law in effort to help his wife hillary's 2016 presidential ambitions. >> i said nothing about this,...
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it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the last two contests after the shut down in the midst of a battle in the party, republicans clearly have the political swlj it comes to health care. they are in a bit of a quandary. they believe healing care is a winning issue, they are not sure of the next move. the president will test out some of the themes of the upcoming state of the union address and will provide a window into where he focuses energies over the next three years. this is the need for upward mobility. the president will explain how the health care law fits into his vision, e
it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the...
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and we spent far more as an economy in growth and per capita terms that all of the major economies for a system that delivered less effective outcomes for a smaller percentage of our population. in short, quoting somebody i know well, we were spending more each year and getting less. our economy suffered, families suffered, and all of it was unnecessary. as president obama has said, fighting to deliver quality, affordable health insurance and the security that comes with it to every american is paramount. this is about making sure that everyone in the united states gets a fair shake, and it's about the economic imperative as we continue to rebuild our economy and build a better bargain for the middle class. that's what the affordable care act does, by using touchtone american values of transparency and competition to improve health care protection, and affordability to those americans who already have insurance, and to provide new affordable care options for consumers who either don't have it or want to switch their insurance. we finally put in place real solutions that have been at wo
and we spent far more as an economy in growth and per capita terms that all of the major economies for a system that delivered less effective outcomes for a smaller percentage of our population. in short, quoting somebody i know well, we were spending more each year and getting less. our economy suffered, families suffered, and all of it was unnecessary. as president obama has said, fighting to deliver quality, affordable health insurance and the security that comes with it to every american is...
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federal reserve survey shows that economy hold steady during the ship down. growth of moderated or modest, due to manufacturing and consumer spending. sales of new homes grew 25 1/2% ino, biggest monthly increase since 1980. that is after three months of softer sales. >> and president obama said that income gap between the rich and the poor is jeopardizing the middle class, urging congress to make sure that economy works for everyone. and some hot stories right now on fox business.com, one man accused of abusing the privilege of being a frequent flier, his side of the story. >> have you ever considered rating your marriage on a scale from 1 to 10? why it might be a good idea, coming up. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recoizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer gethe spark business card from capital one.
federal reserve survey shows that economy hold steady during the ship down. growth of moderated or modest, due to manufacturing and consumer spending. sales of new homes grew 25 1/2% ino, biggest monthly increase since 1980. that is after three months of softer sales. >> and president obama said that income gap between the rich and the poor is jeopardizing the middle class, urging congress to make sure that economy works for everyone. and some hot stories right now on fox business.com,...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the district attorney in rochester, new york, followed the advice she was given on this program last night by a former upstate new york federal prosecutor. >> now to a developing story here in the city of rochester. unfair and out of line, that's what three teenerize calling their recent arrest. >> arrested in rochester, new york, last week, while committing the crime of waiting while black. >> their families athey have never been in trouble before and they shouldn't be in trouble now. >> they are members of the edison tech high school basketball team who were waiting for their school bus to take them to a scrimmage basketball game on wednesday morning. at 8:43 a.m., they were arrested and charged with disorderly co
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the district attorney in rochester, new york, followed the advice she was given on this program last night by a former upstate new york federal...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> obama care back from the dead? >> you've got good ideas? bring them to me. let's go. but we're not repealing it as long as i'm pr
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses every day we're working to and to keep our commitments. and we've made a big commitment to america. bp...
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many of them would help our economy and boost job creation. nearly 150 bills passed by this house yet to be acted on by the senate. >> regardless of the finger pointing there is just a couple of weeks left until the year ends. >> the last time congress had a fight over the budget this past october the government shut down for 16 days. what are we facing this time around? >> reporter: another big item is coming up with the federal budget plan. january 15th. if congress can't come to an agreement we'll be facing another government shutdown. both parties have no interest in seeing that a happen again. they had so many angry calls, letters, everything from constituents. so right now we see a budget conference committee, with some con season does that they can bring to the broader house and senate to get the budget pushed forward. >> we'll pick up on that point as congress nears its christmas recess, they're working on a budget deal that it hopes it can pass. we are go to ginger, reporter for politico. is the budget deal taking shape, and if so wha
many of them would help our economy and boost job creation. nearly 150 bills passed by this house yet to be acted on by the senate. >> regardless of the finger pointing there is just a couple of weeks left until the year ends. >> the last time congress had a fight over the budget this past october the government shut down for 16 days. what are we facing this time around? >> reporter: another big item is coming up with the federal budget plan. january 15th. if congress can't...
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i think most reasonable people know the sanctions has devastated the iranian economy. the reason why iran has made this about-face, signed the geneva agreement, because it realized its economy, the future of its regime was headed toward disaster. it had to make a compromise. >> that's what's going on. >> zarif said and insisted that iran's nuclear program is for peaceful purposes and transparent. >> we have nothing to hide. they have been searching iran up and down, in and out, for the past 10 years probably more than they have searched any other country on the face of this earth. and they have not found a single evidence of diversion of our nuclear program into anything other than peaceful purposes. >> if you watch him. is he as netanyahu said on, a wolfe in sheep's clothing? >> i am a reminded of a diplomat who says an ambassador is someone who is a nice gentleman who is sent abroad to lie for the good of his country. we are seeing that in his statements, that he is a very likeable statements but these statements have to be deciphered and interpreted. >> is clear, th
i think most reasonable people know the sanctions has devastated the iranian economy. the reason why iran has made this about-face, signed the geneva agreement, because it realized its economy, the future of its regime was headed toward disaster. it had to make a compromise. >> that's what's going on. >> zarif said and insisted that iran's nuclear program is for peaceful purposes and transparent. >> we have nothing to hide. they have been searching iran up and down, in and...
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the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on to make obama care a success. joining me is dr. coreyhebert and elizabeth plank, executive social editor at policy mike. it's great to have you both here. elizabeth, in just a few hours policy mike is launching this week-long competition at today's youth summit. tell us about the competition and how you're hoping to engage the conversation about insurance. >> sure. we're really excited to be launching this competition today at the white house. we're going to be inviting millennials from across the country to give their ideas, their proposals and project ideas about
the other issue, obviously, is the economy. high unemployment, growing disparity in wealth and income in this country. >> vermont senator bernie sanders, great to have you on this morning. thanks for your time. >> thank you. >> absolutely. >>> after the president's speech on the economy this morning, he's going t stop by this afternoon's white house youth summit. the goal is to engage the so-called young invincibles, ages 18 to 35, that the white house is banking on...
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but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm. lost about $1.3 billion on chrysler. ford never took the bailout. be very clear. ford never took the bailout, it was in a better position at the beginning of the financial crisis. but the u.s. taxpayer lost money on those two bailouts of chrysler and gm. but let's be clear. they could have lost a lot more. so there is what they have lost, that is just gm, but a lot of people say, wow, that ended up being a pretty good investment. gm since 2010 has invested $8.8 billion of either own money into 34 facilities and saved or created 25,000 jobs they say. and you have basically the a
but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the american public has gotten all but about $10 billion back from gm....
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whether it is economy, jobs, protecting the american people from obama care, we have done our work. >> that is true, speaker boehner, the tsa loose change act is not the only thing you passed. there have been some really, really undercover highlights. for instance h.r. 1071, to specify the size of the precious metal coins for the baseball hall of fame. congress has done a very nice thing for one of their retired colleagues. h.r. 22 89d to rename section 219 c of the internal revenue code of 1986 as the kay bailey spousal ira. there is the free to fish act. a bill to prohibit the corps of engineers to take actions to establish a restricted area of public waters down stream of a dam so people can fish at dams without restriction because of treatment. if you detect sarcasm in my voice, it's because i'm frustrated with house republicans. one of the most insidious aspects of a congress that so habitually underperforms, is begin to underperform in imagining what can happen. but i know why the caged bird sings. in the last eight days, this congress could to do a tremendous amount of good for
whether it is economy, jobs, protecting the american people from obama care, we have done our work. >> that is true, speaker boehner, the tsa loose change act is not the only thing you passed. there have been some really, really undercover highlights. for instance h.r. 1071, to specify the size of the precious metal coins for the baseball hall of fame. congress has done a very nice thing for one of their retired colleagues. h.r. 22 89d to rename section 219 c of the internal revenue code...
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is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >> i've said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. >>> congressman, i'm sure you have a lot to respond to. >> yes, i do. very specific question. u ubs. >> do you great deal that inequality is a problem? >> yes, it's getting worse. you would think they weren't in power. the fact is the democrats have the house and senate. they did a $787 billion stimulus plan, the cash for clunkers, all these things that didn't grow the economy. they exacerbated the problem.
is have been a good healthy economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >>...
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the economy did care. a lot. that debt kept piling up and as it got bigger, investors and speculators raced to repackage and resell the debt before they got stuck with a bill. and when the bills came due, an explosion hit the home loan market, spread to the stock market and sparked a global credit crisis that led to the crash, the bailouts and yes, today's ongoing jobs crisis. flash flood to 2010. congress said it wanted to crack down and prevent another crash. the key goal was removing the temptation for banks to issue bad loans that they could pawn off on the rest of us. the policy objective was to make banks stand by their loans by requiring some ownership so they had skin in the game. >> everybody has to keep some skin in the game. >> everyone will need to have a little skin in the game. >> some skin in the game. >> everybody is going to have some skin in the game. >> congress passed the dodd/frank reform with a rule that banks must hold at least 5% of most home loans, and there was one exemption for super sa
the economy did care. a lot. that debt kept piling up and as it got bigger, investors and speculators raced to repackage and resell the debt before they got stuck with a bill. and when the bills came due, an explosion hit the home loan market, spread to the stock market and sparked a global credit crisis that led to the crash, the bailouts and yes, today's ongoing jobs crisis. flash flood to 2010. congress said it wanted to crack down and prevent another crash. the key goal was removing the...
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the economy didn't always work for everyone. racial discrimination left millions of opportunity and women were confined to poorly paid professions and it was only through struggle that more women and minorities and americans with disabilities began to win warfare rights and participate in the economy. nevertheless, during the post-world war ii years, the economic ground helped disable most americans in the future looks brighter than the past. for some people, that meant following in her old man what steps and knowing that a blue-collar job let you buy a home and a car and maybe a vacation once in a while, health care and a reliable pension. in some cases, you may be the first person to graduate from college, without taking on a ton of debt, and able to function in a vibrant economy. it is true that even in those years, those claimed a much larger income than the rest. taking home about one third of our national income goes to the upper one third. it's an economy where everyone's wages and incomes were growing. and so the kid on
the economy didn't always work for everyone. racial discrimination left millions of opportunity and women were confined to poorly paid professions and it was only through struggle that more women and minorities and americans with disabilities began to win warfare rights and participate in the economy. nevertheless, during the post-world war ii years, the economic ground helped disable most americans in the future looks brighter than the past. for some people, that meant following in her old man...
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economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock price, all of those orders as you indicate, and what i see this becoming, unfortunately, is a race to the bottom. and that's not a race that we want our workers to be in. that's not ultimately a race that's going to be good for the u.s. economy. >> doesn't question come up about boeing's quality because the work force is there in seattle, all of the infrastructure, when i say infrastructure, i'm talking about all of the guts that are put together to put an aircraft like this together. this is going to have to be major facility construction in these other states that simply can't
economy of a company like boeing making great planes. and they do make great planes. they make the best planes in the world. they have the best aircraft workers in the world in washington. they wanted to re-negotiate a labor contract a couple years ahead of its expiration. the state of washington was willing to give $9 billion in tax incentives, the largest in the history of the state by far to keep boeing there. and it's not like boeing is in debt. $4 billion in profits last year. good stock...
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this is the better reserve snapshot of business conditions and the report indicate the and the economy and manufacturing continued to expand at a, quote, modest to moderate pace. the most upbeat news, manufacturers whose managers say she expanding and russian positive about the near-term future helps stem earlier losses in the market which ironically also cash in after good news from a private employment report, the automatic data processing report in. this is what it showed on your screen. private sector hiring in november, and and 215,000 jobs versus the expected 178,000 green, costing investors to fear the events of the fed's keeper coming sooner rather than later. you can see this picture, for direction the dow jones industrials have crossed the unchanged level 34 times. when you see we are down 59 points off of earlier lows still not anywhere near where we started the day and we want to talk about the s&p 500. the index is down for a fourth recession, losing five points. let's look at what is the. ticker symbol cf soaring after the fertilizer company says it expected to give signi
this is the better reserve snapshot of business conditions and the report indicate the and the economy and manufacturing continued to expand at a, quote, modest to moderate pace. the most upbeat news, manufacturers whose managers say she expanding and russian positive about the near-term future helps stem earlier losses in the market which ironically also cash in after good news from a private employment report, the automatic data processing report in. this is what it showed on your screen....
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including a collapsing economy in 2007. he has had enormous problems. in the midst of that, he has by the country back up. we have increasing numbers of people employed and we have a functioning health care plan that is getting off the ground in terms of the launch. when we focus on all the problems, not to see what the president is actually a commission. it is easy to snap your fingers and have people look and not see what his other hand has been doing. unemployment is down, not all the way down, but it is getting there. basically, the economy is coming back. .e has done a remarkable job i can see things i would have had him do differently or talk more about or whatever. that overall we are in a much better position than we were when george bush left. twitteralthcare.gov's handle the white house has created tweeted this about half hour ago. 00 visits to healthcare.gov yesterday, site stable. what do you make of this? guest: sounds like progress to me. they are getting almost one million people a day coming in. between now and the first of the year, the
including a collapsing economy in 2007. he has had enormous problems. in the midst of that, he has by the country back up. we have increasing numbers of people employed and we have a functioning health care plan that is getting off the ground in terms of the launch. when we focus on all the problems, not to see what the president is actually a commission. it is easy to snap your fingers and have people look and not see what his other hand has been doing. unemployment is down, not all the way...
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but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunctioning, they created their own website to malfunction, right? they weren't served a gift
but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's...
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has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues of obamacare at large. but the president tomorrow will weave all that have in, the affordable care act, into a larger theme that he has been talking about for quite some time and he hit it in the state of the union just this year, and that is income disparity in the united states. he'll focus on that as the problem. we're very familiar with the statistics, the income of the upper 1% in the country tripled over the last 20 to 3503 years meanwhile the middle class saw their income grow at a snail's pace of 1% over that same time period. he'll talk about minimum wage. he'll look forward to it rise to $9. in
has hurt public confidence in this president, and public confidence has also dropped as far as the economy is concerned. the president has a major economic speech tomorrow. tell us about it. >> reporter: well, first of all one of the things that drove the president over the three weeks, democrats on capitol hill, excuse the expression, they're freaking out. the polls came out of nowhere to upset everybody, why? because he changed his focus to the shortcomings of the website and the issues...
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and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president has broken his promises. he said we would leave iraq, afghanistan and close guantanamo bay. republicans are saying don't be apologizing for guantanamo bay when you are on foreign tour. bill: what do you think the apology tour did to our view of ourselves in the world? >> when you have the president of the united states going over to other countries and telling countries that we are the ones who are intolerant and we are the ones who made mistake. when you can look at history and without the united states world history would have been different on a lot of different levels. and it doesn't encou
and when we see economies like china coming up it's important to have our own economy keep going. people like to complain about america, but when something happens in the world, the philippines, the typhoon there, when something happens in the world guess who is the first country to go, the united states military and the charities. we are divide as a country on political lines. republicans and democrats are split on how they see our influence in the world. the democrats believe the president...
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and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen, amazon made a lot of news with that drone story delivering packages. it turns out they're not alone in trying this out. >> brian, the drum wars are upon us. it's not just amazon. ups and google are also testing their own versions of delivery drones. u.p.s. neither confirming or denying the reports of the testing and a google watchdog site says the company has been testing drones as recently as february. it looks like we'll be getting drone delivery sometime soon. i'm not sure how they can get in my apartment bulgd. >> i think new york will be a nightmare when it comes to t
and on the topic of the economy, the november jobs report is out friday. it will be closely watched. some are expecting the unemployment rate to drop as much as .5%, not because americans are getting hired but because the dip in unemployment is due to washington removing more than one million long term unemployed people off the benefit roles. jobless benefits were 1.3 million people set out to run out on january 1st. >> yeah, there is only a few days left for congress to do that. listen,...
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we have the economy, we have stocks and we have rates. it's been less than an hour since the dow jones industrial average floated into positive territory. it was under pressure after the good data, and we all know why. but what we don't know is maybe why it had nothing to do with the data or getting used to the stronger data. i think we'll have to listen to john harwood. there's humbli ae's rum blings washington. i'll tell you where it gets complicated. fed drama. no matter if you agree with the programs, disagree with the programs, they they've been useful, none of that really matters. we used to go from the economy being strong to making stocks strong to pushing rates up. that's why everybody says, hey, if rates are going up that's a good thing. traditionally absolutely. now? well, who knows? it could be, but here's the problem. with the fed drama and i'm not saying they want drama but they have a $4 trillion balance sheet, interest rates on reserves, a lot of balls in the air to juggle. but here's the problem. let's say that's stock pr
we have the economy, we have stocks and we have rates. it's been less than an hour since the dow jones industrial average floated into positive territory. it was under pressure after the good data, and we all know why. but what we don't know is maybe why it had nothing to do with the data or getting used to the stronger data. i think we'll have to listen to john harwood. there's humbli ae's rum blings washington. i'll tell you where it gets complicated. fed drama. no matter if you agree with...
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the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full wrap up on his program as well. >>> in the meantime, what a story. his wife as blujenned to death in the home right in front of his three-year-old son. and he was made the only suspect in the case. he was convicted and sentenced to a life in prison. here is the worst part. he did not do it. dna evidence exonerated him. and he and his attorney is going to join me live to talk about this, coming up next. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know,
the economy didn't always work for everyone. racial discrimination locked millions out of the of poverty -- or out of opportunity. women railroad too often confined to a handful of poorly paid professions. and it was only try pain staking struggles that they began to win the right to -- >> and as the president continues his address live in washington, d.c., we'll watch those remarks. we'll have a full wrap-up of all of the key points being made today. and wolf blitser always has a full...
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problems come up in any start up any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we are going to just fix it. >> the healthcare program has critical tests to enroll hundreds of thousands of people by december 3rdrd. the deadline for folks to begin on january 1st. >> elizabeth prann live for us this morning. thank you. >>> that brings us to our look who is talking this morning. mayor rudy giuliani appearing on our show. the healthcare.gov fixes won't work because it was backwards. >> we have to start the whole thing over. one expert tells me they built it wrong in the first place from the top down rather than the bottom up. to go fix the bottom, and this is the reason why you have that one-third figure of people who are not going to get the healthcare they thought they were going to get even though they signed up. >> the former mayor also at its foundation obamacare is really about the redistribution of wealth. >> the fundamental distortion here, sean, is this was soemd as we are going to do this through the private insurance companies. in fact t
problems come up in any start up any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we are going to just fix it. >> the healthcare program has critical tests to enroll hundreds of thousands of people by december 3rdrd. the deadline for folks to begin on january 1st. >> elizabeth prann live for us this morning. thank you. >>> that brings us to our look who is talking this morning. mayor rudy giuliani appearing on our show. the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energefficiency could help americans save $300 billion each year. take the energy quiz. energy lis here. mm. mm-hmm. [ enne revs ] ♪ [ male announcer ] oh what. get the mercedes-ben your wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. be one so, you had with a? relax, at the way we are going, they might become a thing of the past. welcome, everyone, i am neil ca
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. add brand new belongings from nationwide insurance and we'll replace stolen or destroyed items with brand-new versions. we put members first. join the nation. ♪ nationwide is on your side ♪ ♪ >>> welcome back to the discussion. new york retailers including macy's and barney's big department stores accused of stopping and questioning african-american customers accusing them of shoplifting or in the case of actor rob brown star of the hbo series "tremet" credit card fraud. he was handcuffed. macy's is being slapped with a subpoena from the commission on human rights new york. they are ordered to turn over their theft policies and theft data. how big of an issue do you think this is? >> i come at this from a very per
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. add brand new belongings from nationwide insurance and we'll replace stolen or destroyed items with brand-new versions. we put members first. join the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off of the unchanged line but the new home sales numbers came in and beat the street expectations with a rise of 20.4% to 440,000 beating the estimate of 426,000. of up arrows, the toll brothers and j. b. holmes are up and we are also keeping a close eye on other names like pulte which showed a big move as well. a couple things to think about retaining to home builders, talking with ben willis about it, now begins the hope for e as people start to buy home builders going into the spring holiday, spring shopping season for home builders. the other thing they will contend with o
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off...
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talking about the economy. what is his read on things? >> well he didn't give us any kind of economic report card. this was a speech largely on economic inequality. it was about economic mobility. the ability of people to move up in income classes with better jobs and better training, et cetera. and it was, mainly to support the president's agenda items, including obamacare but also his education initiatives and other measures. back to you. ashley: peter barnes, thank you so much. >> you bet. tracy: let's get a quick reaction on these markets after that news peter just brought us. nicole petallides on floor of the new york stock exchange. little bit of movement. >> yeah a little bit of movement up off the lows. keeping close eye on 10-year bond. 2.84% on the 10-year and that is very key. all to the downside coming off the lows of the day. tracy and ashley, lowest point on the dow was 15,791. we're now 15,825. you have seen some improvement. that being said the financials were trying to give it a go. the financials have been extremely weak
talking about the economy. what is his read on things? >> well he didn't give us any kind of economic report card. this was a speech largely on economic inequality. it was about economic mobility. the ability of people to move up in income classes with better jobs and better training, et cetera. and it was, mainly to support the president's agenda items, including obamacare but also his education initiatives and other measures. back to you. ashley: peter barnes, thank you so much....
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economies suffered and all of it was unnecessary. fighting to deliver quality affordable care and the security that comes with it to every american is paramount. making sure everyone gets a fair shake and as we continue to rebuild our economy and a better middle class and that is what the affordable care act does by using touchtone american values of transparency and competition to improve health care protections and affordability for those americans who already have insurance and to provide new affordable care act and sort consumers who don't have the haver consumers who don't it or want to switch their insurance. we finally put in place real solutions that will continue for decades to come. reforming the system is not an easy task. i have worked on many complicated issues. peace in the middle east, iran, but it deals. -- and budget deals. reforming the health care system is the single most complicated issue i've faced and does the president often says there is a reason why folks try. is it worth getting a grip on health care holdin
economies suffered and all of it was unnecessary. fighting to deliver quality affordable care and the security that comes with it to every american is paramount. making sure everyone gets a fair shake and as we continue to rebuild our economy and a better middle class and that is what the affordable care act does by using touchtone american values of transparency and competition to improve health care protections and affordability for those americans who already have insurance and to provide...
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you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now and indicated they're not going to s
you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the...
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he was doing the same here on the economy. he got some strong push back today. he said republicans have all kinds of plans to deal with these issues. he goes on almost every other friday night and repeals the bill itself. he signed 7 bills and so he knows the bill won't work. he has to listen what is going on. a new poll came out this week that the more people know the stronger they disapprove of it. another poll republicans are jumping on today is one suggesting that 18 to 29-year-olds are not buying into the law. 56% of them saying that they disapprove of the act. he is trying to get the young healthy people to sign up for this law. they are going to do that in the long run but it is clearly a challenge. ed henry thanks so much. >> pay your fair share and at the same time i found it a bit ironic because in essence it could be the middle class that is getting hit by obama care more than anyone else. this speech sound ed a lot likea speech he gave in kansas. he was hitting on income inequality saying the growing deficit problems according to president obama and
he was doing the same here on the economy. he got some strong push back today. he said republicans have all kinds of plans to deal with these issues. he goes on almost every other friday night and repeals the bill itself. he signed 7 bills and so he knows the bill won't work. he has to listen what is going on. a new poll came out this week that the more people know the stronger they disapprove of it. another poll republicans are jumping on today is one suggesting that 18 to 29-year-olds are not...
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gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> you walk into a convenience store you should expect to be recorded by aut a security came camera. but the fbi have revealed that people at at one market have been preyed on for years one person was searched and jailed for six times for tresspassing on the property. >> this is the first arrest of earl sampson caught on video by his boss. it was the summer of 2012. the 28 gerald wa 28-year-old wag soda. you can see a police officer come inside and arrest sampson at the store. politthe police call it a hot s. they don't buy that sampson w
gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and...
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the canada's economy is the best in the last few years. while it's stoked by business investment and strong consumer spending. the canadian stock market has been on -- it's been a real dog for a while now. it's underperformed the s&p 500 for the last three years. only up 7.1% in 2013. the third worst of any developing country. meanwhile, the canadian dollar has been crushed with one equal to 1.95 u.s. cents. but if the canadian economy is coming back as the gross domestic product numbers suggest then the incredible underperformance could smack of a real opportunity here. yes, it might be time to play catch-up. as our neighbors to the north begin to pick up the steam. that's why tonight we're taking a page from the canadian national anthem. you know, o canada, glorious and free. o canada, we pick our stocks from thee. specifically i have hand picked seven high quality canadian stocks that i think you should consider away from the united states. i'm crowning seven stocks. in fact, sticking with the spirits metaphor, i'm creating my very own
the canada's economy is the best in the last few years. while it's stoked by business investment and strong consumer spending. the canadian stock market has been on -- it's been a real dog for a while now. it's underperformed the s&p 500 for the last three years. only up 7.1% in 2013. the third worst of any developing country. meanwhile, the canadian dollar has been crushed with one equal to 1.95 u.s. cents. but if the canadian economy is coming back as the gross domestic product numbers...
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you're going to use -- you're going to need immigration sooner or later if you. -- if you want your economy to continue growing, and that immigration will probably come naturally from the whrat tin america, a political dividend here, and there's a tremendous opportunity for the u.s. in latin america. of course, china is always very interested in latin america's energy resources, in our water, in our biodiversity, and if they want to invest, latin america will welcome it. so be it. >> thank you. we are almost out of time, but before asking one last question, a couple housekeeping matters. we have our upcoming speakers. december 10, we have the honorable anna parker, mayor of houston, texas, dan acerson, chairman and ceo of general motors, and on december 19th, skaggs, bluegrass ledge. second, i want to present the guest with a press club coffee mug to be filled with colombia coffee. [laughter] >> thank you. >> thank you. [applause] and -- [applause] and for the time question, you mentioned the property pegs, 5 enthe u.s. team is looking for a change. how do you see the prospects in the world
you're going to use -- you're going to need immigration sooner or later if you. -- if you want your economy to continue growing, and that immigration will probably come naturally from the whrat tin america, a political dividend here, and there's a tremendous opportunity for the u.s. in latin america. of course, china is always very interested in latin america's energy resources, in our water, in our biodiversity, and if they want to invest, latin america will welcome it. so be it. >>...
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exports saved the economy from contraction. but the 0.6% growth rate on the quarter still missed market expectations and that's why the aussie/dollar is lower again this morning. it was down to 90.18. >>> feel free to take note. australians struck a deal not to raise it, but to scrap it. the government wanted an increase, but decided to remove it completely. as for the agenda in asia tomorrow, peter decided to return to bangkok. south korea posted revised third quarter gdp figures. while in the philippines, we'll see what kind of inflationary affect high foon haiyan brought. >>> european equities steady at the moment. heavy data today. also still to come, iran and iraq are looking to boost oil production. will saudi arabia look over and cut its own supply? we'll get the latest from vienna. and the christmas tree lights are going on in new york today, as well. >>> this is "worldwide exchange." i'm ross westgate. >> who has to accommodate the iranian markets? >> the markets. >> but not just opec. but there are concerns that iraq
exports saved the economy from contraction. but the 0.6% growth rate on the quarter still missed market expectations and that's why the aussie/dollar is lower again this morning. it was down to 90.18. >>> feel free to take note. australians struck a deal not to raise it, but to scrap it. the government wanted an increase, but decided to remove it completely. as for the agenda in asia tomorrow, peter decided to return to bangkok. south korea posted revised third quarter gdp figures....
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. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> time fi finally tonight you know the expression "never let them see you sweat." tonight piers morgan let everyone see him sweat. now i want you to take your rpm number to 70. let's see how that goes. >> easy. 73. >> all right, piers, so i want you to stay at 70 but i want you to know take your torque up to 28? 28? stay at 70. how's that going? >> it's, you know, getting a little testy. >> should we try 30? >> why not? >> okay. >> now 30 and 70. that is a good balance? >> that's very good. >> how many seconds do i have to keep doing this for? >> in a suit nonetheless piers morgan, now i know why i heard shouting coming from the studio tonight. piers you should have called on sanjay for help. that's what chris cuomo did this year. dr. gupta to the rescue. watch. >> is it okay if i go all the way down? >> i can't keep up. you're going too fast. >> the doctor giving chris a piggyback. dr. gupta that's impressive. if you were wondering what his secret
. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> time fi finally tonight you know the expression "never let them see you sweat." tonight piers morgan let everyone see him sweat. now i want you to take your rpm number to 70. let's see how that goes. >> easy. 73. >> all right, piers, so i want you to stay at 70 but i want you to know take your torque up to 28? 28? stay at 70. how's...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back to our special losing it, america's fat obsession. how far would you go to lose the weight. tipping the scales at 310 pounds. >> this is what i saw looking in the mirror. looking good. i saw the fit looking guy looking back at me. who was i kidding? i didn't look like that anymore. i looked like i've swallowed a sheep. >> well, joe found the answer by drinking fresh fruit and vegetable juice and he said it made all the difference. joe, give me the stats first of all. what were you at your heaviest and what are you now? >> piers, my heaviest i was 320. right now today i got on the scale this morning and i'm 240. >> amazing. how do you do this? >> so, look, i was like a business guy running around the world doing deals, focused on building companies. you know, i kind of say now i was focused on wealth, not health. i got sick when i was 32. i thought it was the world to take pills. i took bills for an auto immune disease and bad hives an
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back to our special losing it, america's fat obsession. how far would you go to lose the weight. tipping the scales at 310 pounds. >> this is what i saw looking in the mirror. looking good. i saw the fit looking guy looking back at me. who was i kidding? i didn't look like that anymore. i looked like i've swallowed a sheep. >> well, joe...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ applause ] >> right now my studio audience has been here the whole hour for "obesity in america, america's fat obsession." we are using ruth's famous flywheel. this is a bike, right? >> it's a bike. >> then what happens? >> i want you to look at that little screen and take your torque to 25. >> 25 on the torque. >> yes. so you take the blue dial and turn it to the right. until it gets to 25. >> okay. and that's the -- >> that's our word for resistance. so you're at 25, right? >> yeah. >> all right. so now i want you to take your rpm number to 70. >> okay. >> let's see how that goes. >> easy. easy. 73. >> all right, piers, so i want you to stay at 70. but i want you to now take your torque up to 28. >> okay. 28. >> stay at 70. >> okay. >> how's that going? >> oh, it's, you know, getting a little testy. >> should we try 30? >> why not? >> okay. >> so that's 30. and i'm now at 70. so is that a good balance? >> that's very good. >> how many seconds do i
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ applause ] >> right now my studio audience has been here the whole hour for "obesity in america, america's fat obsession." we are using ruth's famous flywheel. this is a bike, right? >> it's a bike. >> then what happens? >> i want you to look at that little screen and take your torque to 25. >> 25 on the torque. >> yes. so...
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economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when h
economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when h
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global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not going to hurt the housing recovery and going toco. i look at i as a balance. we get support from improving global, financial conditions bradley improved. i think you're right. higher interest rates go at the ten year level above 3%. that's going to take out of housing. we're seeing it to some degree. it's a balance between that kind of limitation we're getting and an economy with a lot of other reasons to do it better. >> okay. that sounds pretty good. we'll have an economist on if we have a lousy job friday. we'll have someone explaining why everything was bad the last couple of months. doe
global economy is doing better. next spring we'll have the big test on the economy. what do we do in most of 2014 in terms of gdp? are you going to give me somewhere between two and three? >> touching towards three. we've been averaging 2% four years. 3% is not something if you look back all that exciting. coming from where we've been, it's an important shift up. >> we will be able to orchestrate some type of tapering next year which could imply maybe 3% on a ten year. that's not...
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economy. the relatively small amount in the recovery act for infrastructure created many jobs because there's a strong multiplier effect. about 36,000 jobs for each $1 billion invested. and these are family wage jobs all across america that aren't going to be outsourced overseas. in less than a year, the transportation bill expires and absent congressional action we face a precipitous drop in transportation funding, a reduction of 30% overall for the next decade. to be this way. i'm proposing we implement the three-step 15 cent gallon tax ncrease that was part of the simpson-bowles deficit reduction proposals. communities and industry need some certainty, especially for larger projects that are multistate and multiyear. and this should be the last federal gas tax increase. over the next 10 years, we need to replace funding for transportation that's based on gallons of fuel consumed, which is going to be declining, with something more sustainible. a reasonable adjustment now and a permanent fix
economy. the relatively small amount in the recovery act for infrastructure created many jobs because there's a strong multiplier effect. about 36,000 jobs for each $1 billion invested. and these are family wage jobs all across america that aren't going to be outsourced overseas. in less than a year, the transportation bill expires and absent congressional action we face a precipitous drop in transportation funding, a reduction of 30% overall for the next decade. to be this way. i'm proposing...
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the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is interesting is republicans keep saying we want free market, we bring you free market through the exchange and you find every reason to object to it. stuart: why do you say the policies which i have to choose from or any other person has to choose from, why do you say they are better? why understand is more coverage but who is the judge of what is better? surely the individual. let me go on. i and in america. i thought america was about individual freedom and liberty. it was my choice as an individual to choose what health care i want. you have taken that
the market economy. stuart: very typical. you want into your talking points in you have a loud voice, very insistent voice and won't stop. if i interrupt you i am. . >> i am the guests. stuart: i am root of i stop you from giving talking points to our viewers. we don't accept that. we don't accept pre-arranged talking points. we ask questions and ask our guests to answer them. you won't answer question no. one. >> i am answering about the vantage of the exchanges and what is...